Friday, July 15, 2011

Roubini on Greece Portugal Ireland Spain and Italy

Nouriel Roubini : in my view the other economies in the Euro Zone will have to follow some policies regardless of , some of them like Portugal or Ireland have already lost market access so contagion to them it is not going to occur because their governments and their banks already lost market access and they are already under an IMF - EU program , the question is whether there will be spill overs to Spain or Italy , Italy on the fiscal side has actually done more than Spain to stabilize its own fiscal conditions , so I think that Italy is not under a direct threat , Spain is a different case but in my view whether Spain is going to lose market access or not depends on almost completely on what Spain is gonna do on its own it does not depend on whether Greece is gonna restructure

No comments:

Related Posts Plugin for WordPress, Blogger...